1516 27th st, Lubbock, TX 79411
- Beds
- 3
- Baths
- 2
- Sqft
- 744
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Overview
Excellent investment opportunity with immediate income potential! This property features a tenant-occupied 2-bedroom, 1-bath main home currently leased at $700 per month, plus a fully renovated 1-bedroom, 1-bath detached ADU completed in 2025. The ADU was previously leased for $830 per month and is now vacant, offering the flexibility to place a new tenant at market rates or use the space for extended family, guests, or a home office (buyer to verify permitted uses).
The recent renovation of the ADU provides a fresh, move-in-ready space, while the established rental in the main home offers immediate cash flow. Conveniently located near Texas Tech University, downtown Lubbock, medical facilities, shopping, and dining, this versatile property is ideal for investors looking to expand their portfolio or buyers seeking a home with additional income potential.
Don't miss this opportunity to own a property with two separate living spaces and strong rental possibilities!
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 1
- Number of bedrooms
- 3
- Number of bathrooms
- 2
- Square feet
- 744
- Lot size (acres)
- 0.15
- Year built
- 1943
Utilities
- Heating
- Other
- Cooling
- Window Units
Estimated monthly costs
- Insurance
- $100
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21320356 Last checked: …

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.